20 Smith AvenueNianticCT06357
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 20 Smith Avenue, Niantic, CT, 06357 in Niantic offers a clean, manageable entry. Rental yield 6.45%. DSCR 1.19 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $225,169 in additional property value over five years, with $7,506/yr in principal equity building ownership stake. Total projected cumulative return: $236,629.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.5% | 7.0% |
| Monthly Cash Flow | $(1,159) | $300 |
City averages based on Niantic market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,379 |
| Total Monthly Debt Service | $5,213 |
| DSCR Ratio | 0.84x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1930
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06357, Niantic, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,030 (100%) |
| Owner Occupied HU | 3,800 (63.0%) |
| Renter Occupied HU | 1,172 (19.4%) |
| Vacant Housing Units | 1,058 (17.5%) |
| Median Home Value | $408,576 |
| Average Home Value | $487,963 |
Housing Distribution
Address Breakdown
Residential
5,973
Single Family
5,620
Multi-Family
353
Businesses
460
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Single Family
Built in 1930
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06357, Niantic, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,030 (100%) |
| Owner Occupied HU | 3,800 (63.0%) |
| Renter Occupied HU | 1,172 (19.4%) |
| Vacant Housing Units | 1,058 (17.5%) |
| Median Home Value | $408,576 |
| Average Home Value | $487,963 |
Housing Distribution
Address Breakdown
Residential
5,973
Single Family
5,620
Multi-Family
353
Businesses
460
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Victor L. Santana • Santana Realty Group LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24117692
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.